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Britain's Fox says commissioned work on Iran ties to help develop trade

Reuters

LONDON (Reuters) - British trade minister Liam Fox said on Wednesday he had commissioned work from his department to look at how to normalize "effective payment channels" with Iran to try to open up trading opportunities.

Britain is seeking new and deeper trade relations with countries outside the European Union to strengthen its hand in divorce talks with the bloc and is targeting countries in the Middle East among other areas.

Fox told a parliamentary committee that he expected to receive the findings of the report at the end of this month.

(Reporting by Elizabeth Piper; editing by William James)

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